Yahoo Finance Tronox Holdings Full Year 2023 Earnings: EPS Misses Expectations
Tronox Holdings (NYSE:TROX) Full Year 2023 Results
Key Financial Results
Revenue: US$2.85b (down 18% from FY 2022).
Net loss: US$200.0m (down by 152% from US$384.0m profit in FY 2022).
US$1.28 loss per share (down from US$2.48 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tronox Holdings EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly.
The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$686.0m (24% of total revenue). Notably, cost of sales worth US$2.38b amounted to 84% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$398.0m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how TROX's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in the US.
Performance of the American Chemicals industry.
The company's shares are up 1.3% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Tronox Holdings has 4 warning signs (and 2 which make us uncomfortable) we think you should know about.
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